Understanding Delivery Terms in International Trade — Incoterms®

Understanding Delivery Terms in International Trade — Incoterms®

Incoterms® are essential delivery terms in international commerce that clarify the rights and obligations of buyers and sellers. Developed by the International Chamber of Commerce, they help businesses avoid misunderstandings during the delivery of goods. The current version, revised in 2019, includes 11 terms applicable to various modes of transport. Understanding these terms is crucial for ensuring the smooth operation of international trade.

07/21/2025 Logistics Encyclopedia
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SWIFT Code Guide for National Bank of Commerce Transfers

SWIFT Code Guide for National Bank of Commerce Transfers

This article introduces the SWIFT code NLCBTZTX 0T3 of the National Bank of Commerce in Tanzania, explaining the structure of SWIFT codes and their use in international remittance. It also highlights key factors to consider during transfers, such as remittance fees, exchange rate fluctuations, transfer times, and information verification, to help users ensure the secure and smooth transfer of funds.

09/04/2025 International Settlement
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